13 ms·

Yep, that's the short term bear case. The long term bear case is: demographic pyramid inversion, interest rates bottoming out, and asset owners becoming a minor

• nostrademons 5y ago
  The long term really-bear case is: asset owners becoming a minority of the electorate, revolution, war, and then everybody dying and most of the housing stock being destroyed. I'd rather be an asset owner than a revolutionary in that case, though, because it's always easier to play defense than offense. The vast majority of non-billionaires can sit tight and not be explicitly targeted, but starving revolutionaries have to fight for survival. Assets can be rebuilt, but death is permanent.
• dzhiurgis 5y ago
  > asset owners becoming a minority of the electorate. I wouldn't hold my breath on that one - something like 95% of governors are also property investors.